Tyersall Park site worth S$4.7b – if it can be sold

In the heart of Singapore, there is a sprawling, vacant plot of private land 30 times the size of The White House. Just down the road from the US embassy and bordering condominiums worth as much as S$4.5 million per unit, the swathe of untended jungle hides the remains of two abandoned palaces and would be worth a cool S$4.7 billion if sold for development, according to one estimate. In a city where...

Singapore home prices not set for ‘big bump’: CapitaLand

Home prices in Singapore are unlikely to stage a rapid rebound after the government imposed further property curbs in mid-2018, the finance chief of the country's largest developer said. "If we see a 5 per cent increase in home prices, I think that will be a pretty good year for the Singapore residential market," CapitaLand chief financial officer Andrew Lim said in an interview with Bloomberg...

The future of real estate is in TechProp

Even in an era of startups, digital disruptors and online everything, traditional established companies don't have to take a backseat and get left behind. Instead, they can face and fight the competition, and do things a notch better with their experience and expertise, which fly-by-night newcomers may not have. For instance, within the OrangeTee group, OrangeTee & Tie, Singapore's third-largest real...

Boulevard 88 at Orchard Boulevard

Nestled in prime District 10 along Orchard Boulevard, Boulevard 88 is an exclusive freehold address beyond compare. Experience the privilege of open spaces that offer comfort and tranquility in a stunningly crafted sanctuary. The iconic residential towers are elevated to provide unrivalled views, now yours to own. Spanning the two residential towers at the top is the Sky Boulevard, creating a dramatic tall...

HDB’s first new-generation neighbourhood centre opens in Punggol

Singapore's first new-generation neighbourhood centre officially opened in Punggol on Sunday (Feb 17), offering residents access to a variety of amenities ranging from a supermarket, a food court, a 24-hour fitness centre as well as various shops and food and beverage outlets. The seven-storey Oasis Terraces, located next to Oasis LRT and facing Punggol Waterway, is also the first neighbourhood centre...

Sluggish new year for developers as new private home sales fall 18% in January

Sales of private homes by developers in Singapore got off to a slow start in 2019, in part due to fewer buyers over the festive period. Developers sold 433 units in January, down 17.8 per cent from the 527 homes sold the same time last year, Urban Redevelopment Authority (URA) data showed on Friday (Feb 15). January's sales were also 28 per cent lower than the 602 units sold in December, excluding...

Six adjoining strata offices at International Plaza for sale

A batch of six adjoining and refurbished strata offices at International Plaza in Tanjong Pagar are up for sale with a guide price of S$11.97 million. They are available on a sale and leaseback scheme with immediate annual gross rental yield of 4.2 per cent for at least five years, said marketing agent Colliers International in a press statement on Friday. The guide price works out to S$1,850 per...

Margate Point in second collective sale attempt

A 15-unit apartment development at Margate Road in Katong is making a second en-bloc sale attempt. About 70 per cent of owners of Margate Point have agreed to lower the reserve price to S$36.5 million from S$38 million, said marketing agent JLL on Wednesday. Margate Point is located off Meyer Road and Mountbatten Road, and has a land area of about 12,800 square feet. It is zoned residential with an...

Prices of older HDB flats fall slower compared to private homes: Study

Older Housing and Development Board (HDB) flats depreciate at a much slower rate compared to private residential properties, a study showed. The study, done by the National University of Singapore (NUS), found that while the public housing units and the private non-landed units declined in value at the same rate for the first 10 years, there was significant difference in the rate at which their prices...

Singapore condo rents rise 1.9% in January, HDB rents up 0.3%: SRX

Rents for condominiums and private apartments rose 1.9 per cent month on month in January, with HDB rents also stronger, edging up 0.3 per cent, according to flash figures from real estate portal SRX Property on Wednesday. SRX also revised its flash estimate of a 0.2 per cent fall in rents in December to a 0.2 per cent rise. According to its estimates, January's rise in non-landed private...

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